I bring it up today because two more missteps, largely based on the business model, have taken center stage today. First, it's been reported that the experiment to pay students for better grades has been a colossal failure. The idea was based on the assumption that children would work harder if offered money to do so. It works for all those Wall Street types doesn't it--you know, the ones who get miltimillion dollar bonuses while teachers have to buy #2 pencils so their students can take practice tests? As it turns out, those Wall Street guys got bonuses even when they fared worse than a monkey throwing darts at the Wall Street Journal, and kids did about the same.
In a related business model story, it appears that merit pay for teachers is a bust, too. Despite the fact that merit pay has been pushed since the 1950s, Vanderbilt University's Matthew Springer says, "I think the jury is still out." I don't know about you, but it seems to me that if you can't prove that something works after 50 years, it probably doesn't. Nevertheless, states are scrambling to include merit pay in their Race to the Top applications because they want to snatch up some of the money that Obama has thrown in the air.
The business model doesn't work in a school environment. I know it, Diane Ravitch knows it, and most people with common sense can figure it out. It's time the business model filed for bankruptcy already.